Spectral Medical (TSE:EDT) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Spectral Medical Inc. (TSE:EDT)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.52 and traded as high as C$0.60. Spectral Medical shares last traded at C$0.59, with a volume of 19,000 shares trading hands.

Spectral Medical Stock Performance

The firm has a market cap of C$165.94 million, a P/E ratio of -8.43 and a beta of 0.96. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 26.03. The company’s fifty day moving average price is C$0.52 and its two-hundred day moving average price is C$0.57.

Spectral Medical (TSE:EDT) last issued its quarterly earnings data on Friday, November 8th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$0.50 million for the quarter. As a group, sell-side analysts predict that Spectral Medical Inc. will post -0.05 EPS for the current fiscal year.

About Spectral Medical

Spectral Medical Inc is focused on the development and commercialization of a treatment for septic shock utilizing its endotoxin activity assay (EAA) diagnostic and the toraymyxin therapeutic. The company also manufactures and sells proprietary reagents. The product line of the company consists of proprietary biochemical, EAA, and instrumentation.